ICAAP

All MiFID (and CRD) firms must carry out an ongoing assessment of the firm's risks, how the firm intends to mitigate those risks and how much current and future capital is necessary to cover these risks having considered other mitigating factors. This is required by the FSA as a way of ensuring that MiFID (and CRD) firms are managing the risks in their business effectively.

Compliancy Services can manage your ICAAP process with you, liaising with you every step of the way to ensure that a comprehensive and robust process is carried out. Our consultants have carried out many ICAAPs with a broad range of firms, from banks to small investment managers and we employ a specialist regulatory accountant (who previously managed the ICAAP calculations at several leading banks) to prepare the financial element of the document.

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